Business Summary

Flexible packaging is the largest product category within the Australian packaging industry. This is a great opportunity to purchase a 40 year old, very stable and well performing slitting & converting business that is perfectly poised to continue its growth and benefit from the uplift in flexible packaging. A long lease is in place.

Revenue
Completed Financials 2021: $1,511,523
Completed Financials 2022: $1,401,339
Draft Financials 2023: $1,586,407

Rent
$184,874.56 p.a
Site: 4059sqm
Factory: 1720sqm
Office: 133sqm
Total: 1853sqm

Location
S.E Melbourne

Operating Hours
7am 4pm; Monday to Friday

Employees
9 x FT employees all with long tenure

Reason for Sale
Family

About the Business
The business has a rich 40-year history having been passed down from one generation to the next. It has been built on exceptional customer service, innovation, and the willingness to go the extra mile for the client.

As a result, this business is seen as a leading provider of the high-quality flexible packaging industry. The nature of the business, their reputation and its ability to constantly provide solutions see many signature clients outsourcing work them. Their state-of-the-art machinery and a stable, experienced team of operators with a long tenure enable them to respond quickly, produce efficiently and deliver on customer needs.

A number of recent conversations, customer wins and indicative work orders suggest that this business will likely experience significant growth and returns.
This business has a 3-year normalised average EBITDA of $230,250 and existing owners who are willing to work with prospective buyers to ensure a seamless handover and transition is completed.

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Property Details